The Nigerian National Assembly has expressed determination to revive the nation’s capital market through legislation to contribute to infrastructure development in the country.

The Chairman Senate Committee on Capital Market Senator Foster Ogola stated this at a joint briefing by the National Assembly joint committee on Capital Market on the forth coming Bi-Annual Stake Holders’ Summit on Capital Market.

Senator Ogola explained that the National Assembly will continue to provide the legislative support for the sector to provide necessary funding for capital projects to reduce budget deficit.

“This event of 23^rd July is expected to yield productive recommendations on how to enhance the Nigerian Capital Market potentials towards enabling it to mobilize multi-billion dollar development funds from across the globe towards a past phase execution of infrastructure projects nationwide instead of relying on government’s limited annual budget.” Sen Ogola maintains.

Meanwhile his counterpart of the House of Representatives, Mr. Tajudden Yusuf from Kogi State explained that deliberate efforts have been made to boost the commodity exchange to boost agriculture as a means of diversification.

While stressing the need for effective commodity exchange platform to drive the agricultural revolution Mr. Yusuf said “Nobody will return to a venture that pays you less than what you invested in it.

Commodity exchange platform will help in standardization of the products at the same time farmers get adequate return.

Deliberately in this year’s conference we designed a topic to expand the scope of commodity exchange and to bring Nigerians to be conscious of it.”  

Capital Market as a catalyst for economic growth and development is the theme of this year’s event, expected to feature presentations aimed at boosting the nation’s economy through infrastructure development.

Post-recession challenges, implications and opportunities for Nigerian Capital Market, Role of commodity exchange development of agricultural sector and capital market option for funding the development of major infrastructure, were the major topics to be discussed during the event.